10 Reasons to Make a Will in Wisconsin

Safeguarding Your Legacy and Loved Ones

Creating a will is an essential step in planning for the future. A will guarantees your assets are distributed according to your wishes and protects your loved ones. In the state of Wisconsin, having a well-crafted will offers numerous benefits beyond simple asset distribution. From determining the fate of your property and appointing trusted guardians to minimize family conflicts and securing peace of mind, a will serves as a vital tool to safeguard your legacy. Our experienced trust and will attorneys are ready to guide you in this process! 

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Benefits of Making A Will

1. Distribution of Assets: A will allows you to specify how you want your assets, such as property, money, or personal belongings, to be distributed after your death. A will ensures your wishes are followed and helps prevent conflicts among your family members.
2. Executor Appointment: With a will, an executor can manage your estate and ensure your wishes are carried out. This person will handle tasks like inventorying your assets, paying debts and taxes, and distributing property to beneficiaries.
3. Guardianship Appointment: If you have minor children, a will enables you to designate a guardian who will take care of them in the event of your death. You’ll have peace of mind knowing your children are raised by someone you trust and in line with your values.
4. Avoid Intestacy Laws: Without a will, Wisconsin's intestacy laws determine how your assets will be distributed. Creating a will allows you to have control over the distribution. Your assets will go to the individuals or organizations you choose.
5. Minimize Family Conflicts: A well-drafted will minimizes potential disputes among family members. By clearly stating your intentions and providing for an organized distribution of assets, you’ll reduce the likelihood of disagreements and legal battles.
6. Protecting Unmarried Partners: Wisconsin intestacy laws generally prioritize spouses and blood relatives when distributing assets. By having a will, unmarried partners ensure their partner receives their desired share of the estate.
7. Charitable Contributions: If you wish to make donations to charitable organizations, a will allows you to specify the amount or percentage of your estate that you want to give to charity.
8. Tax Planning: A will can be used for estate tax planning purposes. Although Wisconsin does not currently have a state estate tax, having a will in place can be advantageous for potential federal estate tax considerations.
9. Peace of Mind: Creating a will provides peace of mind, knowing that you have made provisions for your loved ones. Your wishes will be better honored after your passing. A will alleviates uncertainty and allows you to take control of your estate.
10. Simplify Probate Process: Having a valid will streamlines the probate process, making it faster and more efficient for your beneficiaries. It provides clear instructions for the court, reducing the burden on your loved ones during an already challenging time.
    
    

Do I Need a Lawyer to Make a Will?

Involving an experienced estate planning attorney ensures your will is legally valid, accurately reflects your intentions and considers all relevant legal aspects. While it is not a legal requirement to have a lawyer make a will, it is highly recommended to seek professional legal guidance when creating this important document.

Do I need a Will if I Have No Property?

Yes! There are still important reasons to consider creating a will such as designating guardianship for minor children, clarifying healthcare wishes and naming beneficiaries for personal belongings and financial accounts.

Do I Need a Will if I Have No Assets?

Yes! Regardless of your financial situation, there are compelling reasons why having a will remains valuable. By addressing matters such as guardianship, healthcare directives and personal belongings, a will allows you to express your wishes and ensure they are carried out in the event of your passing.

Do I Need a Will if I Have a Living Trust?

Yes! Even if you have a living trust, having a will is still beneficial as a backup document. A will addresses other assets not included in the trust, names guardians for minor children and provides instructions for any remaining personal belongings.

Contact us online for a consultation to get legal advice on any matters relating to your will.

 

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